Bakersfield, MO is a small town located in the Midwestern United States. Its size gives it an advantage in terms of affordability when it comes to housing costs, as 2 bedroom rent averages $800 compared to the national average of $1,430. Grocery prices are also much more affordable here than elsewhere in the US; the Grocery Cost Index in Bakersfield is 93 versus 100 in the US. Local businesses such as Dillard's Department Store, a local grocery store, and retail stores help support the community and create jobs for residents here. The town provides a great place to live for those who want to live in a quiet suburban area without sacrificing access to amenities or opportunities for employment.
Bakersfield has an unemployment rate of 5.7%. The US average is 6.0%.
Bakersfield has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 17.1%, which is lower than the US average of 33.5%.
Tax Rates for Bakersfield
- The Sales Tax Rate for Bakersfield is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Bakersfield is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bakersfield
- The average income of a Bakersfield resident is $25,997 a year. The US average is $37,638 a year.
- The Median household income of a Bakersfield resident is $30,870 a year. The US average is $69,021 a year.